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NEW QUESTION # 45
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?
Answer: D
NEW QUESTION # 46
Your client has a requirement to report directly from the transactional tables and return the results in real-time, in turn eliminating the need for a data warehouse.
Which tool would you suggest to your client for this purpose?
Answer: A
NEW QUESTION # 47
SIMULATION
Challenge 3: Manage User Define Formulas
TASK
Create User Defined Formula for Admin Charges
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement
Answer:
Explanation:
See the Explanation below for all the solution
Explanation:
Step-by-Step Guide to Create a User Defined Formula for Admin Charges in Oracle Fusion Step 1: Navigate to Manage User Defined Formulas Log in to Oracle Fusion with privileges to configure Subledger Accounting.
Go to Setup and Maintenance.
In the Functional Setup Manager (FSM), navigate to:
Financials
Subledger Accounting
Manage User Defined Formulas.
Step 2: Create a New User Defined Formula
Click Create to define a new formula.
Enter the following details:
Name: Admin Charges Formula
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement Data Type: Number Description: Formula to calculate admin charges for billing events.
Click Save, then proceed to define the logic.
Step 3: Define the Formula Logic
Example Formula for Admin Charges:
Assume Admin Charges are calculated as 5% of Transaction Amount, with a minimum charge of $10.
Enter the formula using Oracle's formula syntax:
CASE
WHEN {Transaction Amount} * 0.05 >= 10 THEN {Transaction Amount} * 0.05 ELSE 10 END Click Validate to check for errors.
Step 4: Assign the Formula to the Required Accounting Rules
Navigate to Manage Account Rules.
Find the Admin Charges Account Rule (or create one if needed).
In the Condition Definition, select User Defined Formula as the Source.
Choose Admin Charges Formula as the value.
Click Save and Close.
Step 5: Validate and Deploy the Formula
Click Validate to ensure correctness.
Deploy the formula by submitting the changes.
Attach the formula to relevant Journal Entry Rule Sets (if applicable).
Step 6: Test the User Defined Formula
Navigate to Subledger Accounting > Accounting Entries.
Generate accounting for different test transactions:
Example 1: If Transaction Amount = $500, Admin Charges = $25 (5% of 500).
Example 2: If Transaction Amount = $100, Admin Charges = $10 (since 5% of 100 = $5, but the minimum is $10).
Verify that the Admin Charges are correctly derived in accounting entries.
NEW QUESTION # 48
Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?
Answer: A,C,D
NEW QUESTION # 49
A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud.
Which THREE points should you remember while registering the source system for the organization?
Answer: A,B,E
NEW QUESTION # 50
......
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